HSBC in Talks on Possible Sale of Ping An Stake

HONG KONG—HSBC Holdings PLC is in talks to sell its stake in China's second-largest insurance company in a deal that could net the bank a profit of $7.5 billion.

The U.K. bank, which has been under pressure to boost returns, said it is negotiating with an unnamed potential buyer for its 15.6% stake in Ping An Insurance [Group] Co. of China. The stake would be worth $9.17 billion at current prices.